Paying penalties on amendment

Forum|Forum|1 year ago
February 3, 2025
1 reply
9 views

If I file my amendment after due date, can I find the penalties I owe and pay that at same time? If so, where do I put that?

Not A Product Question

Mike9241

Level 15

No. TurboTax does not compute late payment, late filing or interest on such penalties. you'll get a bill from the iRS. you can always pay extra

Mike9241

An2425Author

Level 3

Thanks, @Mike9241 ! What are the rules for penalties so we can estimate it? Where can I find that?

Mike9241

Level 15

late filing penalties should not apply since those are dependent on the timely filing of the original original return FYI 4.5% for a maximum of 5 months

late payment penalty .5 % a month unlimited

interest varies.

there may be calculators on the web, but you are unlikely to match the iRS amount

Mike9241

Paying penalties on amendment

1 reply

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